The product or service or risk control solution is innovative in some respect, uses innovative technologies or uses technology in a new way
Research using publicly available information cannot find any similar products or services or risk control solutions, or only a few
The product or service or risk control solution is significantly more innovative or uses a much greater degree of innovation than previous similar products or services or risk control solutions
The current legislative framework does not give clear answers on the regulations that apply to the product or service or risk control solution
The focus on innovation appears to be illusory
It is clearly understandable where the product or service of this control solution fits into the existing legal framework
The product or service or risk control solution has the potential to create added value for customers or for society or to make the operating processes of financial intermediaries more efficient while still ensuring that risk controls are at least at their previous level
The product or service or risk control solution offers clear added value such as a lower price, better quality or better accessibility
The company developing the product or service or risk control solution has an initial understanding of the risks involved and has plans to mitigate them
The product or service or risk control solution will very probably have a negative impact on customers or society or on the stability or trustworthiness of the financial sector
The aim in designing the product or service or risk control solution appears to be to circumvent the law
The product or service or risk control solution is classified under the financial sector or is substantially applicable for companies operating in the financial sector
Yes
No
The product or service or risk control solution has a direct connection to Estonia
The company or its branches is based in Estonia or plans to be based in Estonia
The management of the company is based in Estonia
The company plans to come under the supervision of Finantsinspektsioon
The company does not have any plan to be based as a legal person in Estonia or to target the product or service or risk control solution at the Estonian market
The company or its managers have not been convicted of an economic, professional, property or public trust offence or of financing or supporting a terrorist crime or activities aimed at committing one, and there are no other circumstances that would threaten the trustworthiness of the financial sector
The absence of any conviction permits engagement
The existence of a conviction precludes engagement
